Headquartered in Houston, TX Fiscal year ends December NYSE: AMPY amplifyenergy.com
Amplify Energy Corp. (NYSE: AMPY) is an independent oil company engaged in the acquisition, development, exploitation and production of oil. Its production is now entirely crude oil, averaging about 7.4 MBopd in Q3 2026, from two core assets.
- **Beta:** an offshore field on the Pacific Outer Continental Shelf off California. The company is pursuing development drilling and waterflood enhancement there. Beta benefits from End of Life and Special Case Royalty Relief, which lowered its royalty rate to about 12.4%.
- **Bairoil:** a long-life, low-decline CO2 enhanced oil recovery field in the Rockies. It runs under an amended CO2 purchase agreement with 45Q-linked rebates, and its existing CO2 infrastructure and pore space could support future carbon storage.
The company hedges a substantial share of its expected production with swaps and collars. It funds operations through internally generated cash flow and a revolving credit facility, and it is returning capital via a share repurchase program. Updated
A $24.6 million non-cash unrealized derivative loss turned an operationally better quarter into a wide GAAP loss, even as revenue of $51.4 million came in ahead of expectations. Production rose about 9% sequentially, Bairoil operating costs hit their lowest level since acquisition, and full-year adjusted EBITDA guidance held at $30 million to $40 million.
Amplify Energy Corp. (NYSE: AMPY) is an independent oil company engaged in the acquisition, development, exploitation and production of oil.
The Wall Street consensus 12-month price target for AMPY is $7.75.